Dublin, May 16, 2024 (GLOBE NEWSWIRE) — U “Pet Sitting Market Size, Share and Trends Analysis Report By Animal Type (Dogs, Cats), By Service Type (Grooming Visits, Drop-in Visits), By Region, and Forecast of Segments, 2024 – 2030” report has been added ResearchAndMarkets.com offer
The global pet market size is expected to reach USD 5.14 billion by 2030 and is expected to grow at a CAGR of 11.73% from 2024 to 2030. The key factors driving the market growth includes the growing adoption of subscription-based pet services, an expanding growth. of animal service offerings, and the increase in animal expenses. Due to the increase in pet ownership by the younger demographic and the trend of humanizing animals, the rate of pet adoption is continuously increasing.
In addition, the purchasing power of customers is increasing due to their growing disposable income, which allows them to spend more on the welfare of their animals. These factors have raised the need for pet services and are encouraging new pet service providers to enter the market, including boarding, grooming, pet sitting and photography. According to May 2023 data published by the Texas Hotel & Lodging Association, 75% of hotels in the country accept pets and provide pet care and services for pets. Additionally, it is estimated that approximately 78% of American pet owners travel with their pets.
The COVID-19 pandemic has resulted in many challenges, including a decrease in sales and marketing activities, and limitations on pet services. Also, interestingly, pet ownership increased during the pandemic, as people were confined to their homes, the need for companionship and emotional support increased. In December 2023, according to the American Pet Products Association (APPA), 48% of previous pet owners adopted new pets during the pandemic. In the United States, pet ownership is estimated to grow by 4.7% from 2009 to 2019, and the pandemic has accelerated this growth to 9.8%.
The market is expected to increase continuously in the coming years due to increasing demand for customized, technologically integrated, secure, environmentally sustainable and niche-focused services, with an emphasis on collaborations and partnerships in the industry of animal care. Pet sitting is a growing sector in countries like France due to the existence of platforms such as TrustedHousesitters, which lists more than 119 houses in France, and PetBacker, which boasts 2,247 pet sitters in France. TrustedHousesitters offers pet and housesitting services with a focus on matching sitters with owners for free housing in exchange for pet care, while PetBacker provides a platform for various pet services, including boarding, walking and care. Additionally, the demand for personalized pet sitting services is growing, with more people seeking overnight stays, senior pet care, or ongoing medical care for their pets. By providing specialized services that target particular demographics of pet owners, pet sitters can take advantage of these opportunities.
Highlights of the Pet Sitting Market Report
- Based on service type, the care visits segment led the market with the largest revenue share of 57.03% in 2023 and is expected to grow at the fastest CAGR of 11.51% over the forecast period. Pet owners prefer a trained staff that can provide extended care, ensure the animal’s well-being, administer medications, and maintain its routine, fostering a sense of security and bonding. These factors have led to a higher market share for care visits
- Based on pet type, the dog segment led the market with the largest revenue share of 83.16% in 2023.
- North America dominated the market with the revenue share of 37.86% in 2023. The region is expected to continue its steady growth, maintaining its dominant position during the forecast period. This growth is driven by factors such as increased pet ownership, higher spending on pets, and growing concern for pet health and welfare.
- India is expected to lead the growth in the pet market in the APAC region due to increasing pet ownership and increasing spending on pets , consequently fueling the demand for pet care services, including pet sitting.
Key Attributes:
| Reporting attribute | Details |
| No. of Pages | 130 |
| Forecast period | 2023 – 2030 |
| Estimated market value (USD) in 2023 | $2.38 billion |
| Projected market value (USD) for 2030 | $5.14 billion |
| Compound annual growth rate | 11.7% |
| Regions Covered | In general |
Key topics covered:
Chapter 1. Methodology and Purpose
Chapter 2. Executive Summary
2.1. Market perspective
2.2. Outlook segment
2.3. Competitive insights
Chapter 3. Pet Sitting Industry Outlook
3.1. Market line perspective
3.2. Market dynamics
3.2.1. Analysis of Market Drivers
3.2.1.1. Increased spending on pets
3.2.1.2. Humanization of growing animals
3.2.1.3. Growing expansion of pet service offerings
3.2.1.4. Increase adoption of subscription-based pet services
3.2.2. Market Restraint Analysis
3.2.2.1. The increase in animal care costs
3.2.2.2. Abandonment of animals
3.2.3. Market opportunity analysis
3.2.4. Market challenge analysis
3.3. Pet Sitting Market Analysis Tools
3.3.1. Industry Analysis – Porter’s
3.3.2. PESTEL analysis
3.3.3. Business Plan Analysis (STP Analysis)
3.3.4. Consumer Trends and Preferences
3.3.5. Analysis of the price of service
3.3.6. Price analysis
3.3.7. Estimated population of domestic animals, by key species and key countries, 2023
3.3.8. Analysis of the impact of COVID-19
Chapter 4. Pet Sitting Market: Estimates by Pet Type and Trend Analysis
4.1. Dashboard segment
4.2. Global Pet Sitting Market: Analysis of Pet Type Movement
4.3. Global Pet Sitting Market Size and Trend Analysis, by Pet Type, 2018 to 2030 (USD Million)
4.4. The dogs
4.5. The cats
Chapter 5. Pet Sitting Market: Service Type Estimation and Trend Analysis
5.1. Dashboard segment
5.2. Global Pet Sitting Market: Analysis of Movement by Service Type
5.3. Global Pet Sitting Market Size and Trend Analysis, by Service Type, 2018 to 2030 (USD Million)
5.3.1. Care visits
5.3.2. Entertainment visits
Chapter 6. Pet Sitting Market: Regional Estimates and Trend Analysis
Chapter 7. Competitive landscape
- A place for Rover, Inc.
- Pets at Home, Inc.
- Bang! Group Co.
- PetBacker
- Careguide Inc.
- Take it! Animal care
- Holidog.com
- PetSmart LLC
- The Dogtopia companies
- Swift Inc.
For more information on this report visit https://www.researchandmarkets.com/r/qzhkh2
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, leading companies, new products and the latest trends.
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